Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the...
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Accounting
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow:
| Basic | Dominator | Total | |||||||
| Units produced | 1,000 | 250 | 1,250 | ||||||
| Machine-hours | 4,500 | 2,500 | 7,000 | ||||||
| Direct labor-hours | 3,000 | 2,000 | 5,000 | ||||||
| Direct materials costs | $ | 10,000 | $ | 3,750 | $ | 13,750 | |||
| Direct labor costs | 64,500 | 35,500 | 100,000 | ||||||
| Manufacturing overhead costs | 175,000 | ||||||||
| Total costs | $ | 288,750 | |||||||
Required:
Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor costs to allocate overhead costs.
Predetermined overhead rate _____ % of direct labor cost
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